insurance claim News

Lessor AerCap Lodges $3.5B Claim for Seized Russian Aircraft

DUBLIN –– The world’s top aircraft lessor AerCap has submitted a $3.5 billion insurance claim for more than 100 jets stuck in Russia following its invasion of Ukraine, setting the stage for a lengthy legal wrangle between lessors and insurers. …

Six Decades Removed From Last Big Flood, La Crosse Not Resting

LA CROSSE, Wis. (AP) — The city of La Crosse hasn’t experienced a flood that triggered a flood insurance claim in nearly six decades, but Sarah Rafajko doesn’t want city residents to become complacent. “Just because we haven’t had a …

Credit Suisse Preparing Further Insurance Claims for Greensill-Linked Funds

ZURICH — A first insurance claim has been filed and more are being prepared in Credit Suisse’s efforts to recover funds from its insolvent supply chain finance linked to Greensill, the Swiss bank said on Tuesday. The collapse of Credit …

Pa. Gov. Cites Denied Insurance Claims as Reason Not to Defy Shut-Down Orders

HARRISBURG, Pa. — The administration of Gov. Tom Wolf issued a warning Monday to businesses that choose to open in defiance of the pandemic shutdown, saying they could be jeopardizing their insurance coverage. With several counties in open rebellion against …

Feds: Florida Officials Bilked FEMA Out of Hurricane Money

TALLAHASSEE, Fla. — Two former officials of a Florida city are charged with conspiring with two businesses to bilk the federal government out of $5 million in Hurricane Michael cleanup money, the U.S. attorney’s office announced Tuesday. U.S. Attorney Lawrence …

First Notice of Loss an Opportunity to Build Customer Satisfaction: Viewpoint

What’s worse: An incident that caused an insurance claim or the claims process itself? Ask a policyholder who has recently lived through a homeowners’ insurance claim process and the results might not be as lopsided as one would assume. Whether …

Prominent New Orleans Attorney Suspended For Mishandling Insurance Claim

Prominent New Orleans civil attorney Joseph Bruno Sr. has been suspended from practicing law for 30 days after Louisiana’s Supreme Court found he was negligent in handling an insurance claim. Bruno was previously disciplined in 1989, while he was part …

Louisiana Police Jury Files Claim, Hires Law Firm to Recover Stolen Money

The Rapides Parish Police Jury has hired a law firm to try to recover money they say was stolen from the District Attorney’s Office by an employee. The police jury, which is the governing authority for the parish, agreed on …

North Little Rock Schools Want Insurer to Help Pay for Tax Error

The North Little Rock School Board in Arkansas wants the Pulaski County assessor’s office to seek help from its insurance company after problems with tax bills diverted $1 million to Pulaski County schools The Arkansas Democrat-Gazette reported that officials likened …

Customer Loyalty Reliant on More Than Just Claims Satisfaction: Survey

Though 86 percent of insurance customers who submitted a claim in the past two years are satisfied with the way it was handled, 41 percent of those who have submitted a claim are still likely or very likely to switch …